AYN 0.00% 0.1¢ alcyone resources ltd

Sorry kh1961 however I think that you have missunderstood my...

  1. 12,639 Posts.
    Sorry kh1961 however I think that you have missunderstood my post.

    The reason that AYN isn't a good investment until the price of silver passes $35 is because the TOTAL costs per tonne to produce the silver is currently $25 and with Silver currently at $27.35, well there is simply not enough profit margin in it to justify the current share price.

    Even at $35 silver there is barely enough profit margin involved to justify the current market cap.

    Also consider the fact that it will cost AYN $35 an ounce to produce the deeper deposit so therefor no profit for them at all until silver shoots far above $35.

    Hope this helps?



 
watchlist Created with Sketch. Add AYN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.